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    7320-7332 58Th St Miami, FL 33166

    For Sale
    $6,750,000

    Two-Building Warehouse, 20,240+ SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Miami industrial property offers a compelling investment opportunity. Comprising two free-standing buildings totaling over 20,240 rentable square feet, this property presents a unique combination of showroom/office and warehouse space. The showroom/office building, situated on NW 58th Street, encompasses approximately 8,180 square feet, providing excellent visibility and accessibility. The adjacent street-level warehouse building adds approximately 12,060 square feet of functional space, featuring three street-level loading doors for efficient operations. The property sits on a substantial lot of approximately 39,204 square feet, offering ample room for expansion or future development. The property benefits from three-phase heavy power, catering to a variety of industrial uses. Located in Miami-Dade County, the property is zoned IU-2. Built in 1973, this property presents a solid foundation for a variety of industrial businesses. The asking price is $6,750,000. While a lease rate of $17.50 per square foot, NNN, is noted, this listing focuses on the sale of the property. This is a rare opportunity to acquire a well-located, substantial industrial property in a thriving Miami market.

    Property Features for 7320-7332 58Th St

    General Information

    Property type
    Distribution properties

    Building Details

    Year Built
    1973

    HighLights

    • $6,750,000 asking price.
    • 20,240+/- SF industrial warehouse property in Miami, FL.
    • Two free‑standing buildings: 8,180 SF showroom/office and 12,060 SF street‑level warehouse.
    • 39,204 SF total land area.
    • Three street‑level loading doors.
    • IU‑2 zoning, Miami‑Dade County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Hotel & Motel Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.316457
    Latitude
    25.8259264

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    FAQs

    What type of property is this?
    Distribution property - Two-Building Warehouse, 20,240+ SF
    Where is this distribution property located?
    The property is located at 7320-7332 58Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $6,750,000.
    What are key features of this property?
    This property features: $6,750,000 asking price.; 20,240+/- SF industrial warehouse property in Miami, FL.; Two free-standing buildings: 8,180 SF showroom/office and 12,060 SF street-level warehouse.
    Request Owner's contact information
    7320-7332 58Th St Miami, FL 33166
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7320-7332 58Th St Miami, FL 33166
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